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The FHA 203k loan program provides home buyers the opportunity to buy and fix up a property, without exhausting their personal savings.

Mortgage originator American Financial Resources (AFR) has announced a new mobile platform to empower credit unions and its members, according to a news release.

MyLoanCenter is a web-based portal that enables real-time communication for credit unions and their members, as well as monitoring at every stage of the loan process, according to AFR.

AFR also offers delegated and non-delegated correspondent channels, underwrites the transactions and can also close and fund. The company’s on-demand processing enables credit unions to concentrate on streamlining the loan process by providing critical loan-level processing support.